Great Depression

In part two of Jim LehrerÆs conversation with Ben Bernanke, the Federal Reserve chief discusses the state of the Obama administrationÆs economic recovery efforts, and the central bank’s efforts to help homeowners facing foreclosure. Continue reading →

In a forum on the Fed’s role in the handling of the economic crisis and recovery, Federal Reserve Chairman Ben Bernanke reflected on his desire not to be the Fed chief who “presided over the second Great Depression.” Continue reading →

Comment: The coverage of the Great Depression by Robert McElvaine was so one sided it was unbelievable. [Editor’s note: You can watch the segment below.] Yes, the Great Depression was horrible, millions of people were out of work and out … Continue reading →

The International Monetary Fund meets this weekend in Washington, D.C., to consider how to use its lending power to help the world’s economies — particularly the world’s poorest countries — weather the current economic crisis. Continue reading →

During the economic downturn, the American savings rate is rising fast, with some unexpected consequences. Paul Solman examines how the economy might suffer when thrifty consumers decide to save their money instead of spending it. Continue reading →

President Barack Obama joined leaders of the world’s most powerful and developing economies for the G20 economic summit in London Tuesday. NewsHour correspondent Kwame Holman reports. Continue reading →

Question: I enjoyed your recent interview with Robert McElvaine. (Editor’s note: Watch the interview below.) His thesis that the downturn will lead us away from consumption as a way of life to what really matters is interesting. Am I correct … Continue reading →